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Which ITR form if investing in the stock market

Murali Nadarajah (179 Points)

28 July 2021

Please advise which ITR form can be used if invested in the stock market?

Note: My client has filed ITR 4 (TDS u/s 194J presumptive 44ada) for last couple of years.

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9 Replies

Deepak Kumar (791 Points)
Replied 28 July 2021

I think you have file itr-3 but depend on you how many amount to invest in stock market and how mouch you gain /loss according to your information then decided to file which ITR its my openion

1 Like

sabyasachi mukherjee (26055 Points)
Replied 29 July 2021

Criteria for selecting ITR
1. Quantum of income
2. Nature of assess
3. Source of income

1 Like

CMA Poornima Madhava (CMA) (13097 Points)
Replied 29 July 2021

If you just invest in stock market you may continue to file ITR 4. But if you sell stock and incur capital gain/loss, then you will not be able to use ITR 4, in which case ITR 3 would be the ideal form.

1 Like

Murali Nadarajah (179 Points)
Replied 29 July 2021

Thank you all, well noted.

sabyasachi mukherjee (26055 Points)
Replied 30 July 2021

Poornima wrong

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Subyasachi ji
poornima ji is absolutely right.
if there is to Capital gain and loss than not required to file ITR3, ITR 4 is only applicable

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 31 July 2021

Agree with poornima

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Sourav you are replying twice the same answer just for getting points or 250/- reward on CAClubindia.

what is sense of yes or no, just for point..

Please respect this reputed profession and stop making fun of public platform.

It's already told by reputed member to you that stop replying without any base just for points

If you are not Stop this, I have to make complaint to block your account.